Mastercard has teamed up with Demica, a UK tech company, to offer an improved supply chain financing solution that will enable more businesses to secure affordable working capital they need to grow. This new offering named Mastercard Track is an open-loop network that connects providers of B2B payments and their respective buyer and supplier customers to working capital at lower costs and reduced complexity and risk. The newly-launched supply chain finance solution is currently available on Account-to-Account (A2A) rails in the US. Mastercard plans to expand across the globe in 2022 with additional partnerships in this sector.
